- Despite major Bitcoin sell-offs by the German government, the cryptocurrency market showed resilience this week, with BTC stabilizing around $58,000.
- During the weekend, BTC maintained its horizontal trend around $58,000 and surged past $60,000 following the failed assassination attempt on U.S. presidential candidate Donald Trump.
- However, high volatility is expected to persist into the coming week.
Discover the latest economic developments and altcoin events in our meticulously prepared calendar.
Bitcoin Shows Resilience Amidst German Government Sell-offs
The cryptocurrency market demonstrated remarkable stability this week amid significant Bitcoin sell-offs by the German government. Despite this substantial offloading, Bitcoin managed to hold its ground around the $58,000 mark, indicating strong underlying demand and market confidence.
Failed Assassination Attempt on Trump Influences BTC Surge
During the weekend, Bitcoin maintained a steady horizontal trend around $58,000. However, BTC prices surged above $60,000 following news of a failed assassination attempt on U.S. presidential candidate Donald Trump. This unexpected development appeared to trigger increased buying activity, likely due to investors viewing Bitcoin as a safe-haven asset amidst political instability.
High Volatility Expected in the Coming Days
Looking ahead, market participants should brace for continued high volatility. Factors contributing to this uncertainty include macroeconomic events and upcoming altcoin activities. Monitoring these events closely will be crucial for anyone engaged in the cryptocurrency market.
Upcoming Economic Calendar and Altcoin Events
Below is a detailed schedule of key economic events and altcoin activities for the upcoming week:
July 15, Monday
- Starknet (STRK) – Token Unlock
- 19:00 – Federal Reserve Chairman Jerome Powell will speak.
- 23:35 – Federal Open Market Committee (FOMC) Member Daly will speak.
July 16, Tuesday
- Arbitrum (ARB) – Token Unlock
- Uniswap (UNI) – Token Unlock
- 21:45 – FOMC Member Kugler will speak.
July 17, Wednesday
- ApeCoin (APE) – Token Unlock
- ASI (AGIX-FET-OCEAN) – Token Merger
- Cosmos (ATOM) – V18 Upgrade
- 12:00 – European Inflation Data (Expected & Prior: 2.9%)
- 16:00 – FOMC Member Barkin will speak.
- 16:35 – FOMC Member Waller will speak.
July 18, Thursday
- Lido DAO (LDO) – Community Staking Module Testnet
- 15:15 – European Central Bank (ECB) Interest Rate Decision (Expected & Prior: 4.25%)
- 15:30 – U.S. Initial Jobless Claims (Expected: 229k, Prior: 222k)
- 15:45 – ECB Press Conference
- 17:15 – ECB President Lagarde will speak.
- 20:45 – Federal Reserve Member Logan will speak.
July 19, Friday
- Coinbase – Delisting of COVAL, RAI, and wAMPL
- South Korea – Virtual Asset User Protection Law comes into effect
- 01:05 – FOMC Member Daly will speak.
- 02:45 – FOMC Member Bowman will speak.
- 17:40 – FOMC Member Williams will speak.
- 19:45 – Federal Reserve Member Bostic will speak.
Conclusion
In summary, Bitcoin has shown considerable resilience despite significant sell-offs and geopolitical instability. With high volatility likely to persist, staying informed about forthcoming economic and altcoin events will be vital for making strategic investment decisions.
